NewSquare Capital LLC Raises Holdings in Casey’s General Stores, Inc. $CASY

NewSquare Capital LLC boosted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,021 shares of the company’s stock after buying an additional 592 shares during the quarter. NewSquare Capital LLC’s holdings in Casey’s General Stores were worth $7,154,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Wellington Management Group LLP grew its holdings in Casey’s General Stores by 190.6% in the first quarter. Wellington Management Group LLP now owns 1,244,311 shares of the company’s stock worth $540,081,000 after purchasing an additional 816,110 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Casey’s General Stores by 42.0% in the first quarter. JPMorgan Chase & Co. now owns 1,036,426 shares of the company’s stock worth $449,851,000 after purchasing an additional 306,628 shares during the last quarter. Raymond James Financial Inc. grew its holdings in Casey’s General Stores by 8.9% in the first quarter. Raymond James Financial Inc. now owns 649,815 shares of the company’s stock worth $282,045,000 after purchasing an additional 52,939 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Casey’s General Stores by 51.5% in the first quarter. Bank of New York Mellon Corp now owns 515,603 shares of the company’s stock worth $223,792,000 after purchasing an additional 175,372 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Casey’s General Stores by 9.1% in the second quarter. Envestnet Asset Management Inc. now owns 448,919 shares of the company’s stock worth $229,070,000 after purchasing an additional 37,625 shares during the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CASY. Royal Bank Of Canada lifted their price target on shares of Casey’s General Stores from $468.00 to $542.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 9th. BMO Capital Markets lifted their price target on shares of Casey’s General Stores from $515.00 to $540.00 and gave the stock a “market perform” rating in a report on Wednesday, September 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a report on Wednesday, October 8th. The Goldman Sachs Group boosted their price objective on shares of Casey’s General Stores from $450.00 to $490.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Finally, Evercore ISI boosted their price objective on shares of Casey’s General Stores from $580.00 to $585.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $551.78.

Insider Transactions at Casey’s General Stores

In related news, insider Chad Michael Frazell sold 3,487 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the completion of the transaction, the insider directly owned 7,993 shares in the company, valued at $4,439,312.20. The trade was a 30.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is owned by corporate insiders.

Casey’s General Stores Price Performance

Shares of CASY opened at $513.65 on Tuesday. The firm has a market capitalization of $19.10 billion, a PE ratio of 32.97 and a beta of 0.68. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.61. Casey’s General Stores, Inc. has a 1-year low of $372.08 and a 1-year high of $572.18. The company’s fifty day moving average price is $539.27 and its 200-day moving average price is $506.08.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Monday, September 8th. The company reported $5.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.02 by $0.75. The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.47 billion. Casey’s General Stores had a net margin of 3.54% and a return on equity of 16.73%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm posted $4.83 earnings per share. On average, equities research analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Saturday, November 1st will be given a dividend of $0.57 per share. The ex-dividend date is Friday, October 31st. This represents a $2.28 dividend on an annualized basis and a yield of 0.4%. Casey’s General Stores’s payout ratio is currently 14.63%.

Casey’s General Stores Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.